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    5032 North Ave Chicago, IL 60639

    For Lease
    $179 SF/Yr

    Chicago Office: 1100 SF, $1370/month

    Lot size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1,100 square foot ground floor commercial space is ideally situated at 5032 W North Avenue, Chicago, Illinois, in the desirable North Austin neighborhood. The property, a single-tenant building, offers a traditional office layout perfect for a variety of businesses. Located near the intersection of W North Avenue and LeClaire, this convenient location provides excellent accessibility. The space is zoned C2-1 under Cook County regulations. The monthly rent is $1,370. Included in the lease is hot water

    Property Features for 5032 North Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,100 SF

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    1,100 SF
    Rate per SF
    $179
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7524301
    Latitude
    41.9096865

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    FAQs

    What type of property is this?
    Office Property / Space - Chicago Office: 1100 SF, $1370/month
    Where is this office property / space located?
    The property is located at 5032 North Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $179 SF/Yr.
    Request Owner's contact information
    5032 North Ave Chicago, IL 60639
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    Chicago, IL 60639
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5032 North Ave Chicago, IL 60639
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